Asia Pacific performance up slightly from April
Reflecting the continued effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported monthly lows in the three key performance metrics during May, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019
Occupancy: -47.3% to 35.8%
ADR: -40.2% to US$55.93
RevPAR: -68.5% to US$20.04
The absolute levels in each of the three KPIs were the lowest for any May on record in the region, but were up from April levels.
Mainland China
Occupancy: -33.7% to 45.2%
ADR: -24.5% to CNY342.78 (US$49)
RevPAR: -50.0% to CNY155.03 (US$22)
Each of the three key performance metrics were up from April, but ADR remained the lowest for any May on record in the country. Occupancy and RevPAR were the lowest since the SARS outbreak in 2003.
Singapore
Occupancy: -8.8% to 71.5%
ADR: -62.5% to SGD95.44 (US$69)
RevPAR: -65.8% to SGD68.20 (US$49)
Even though Singapore maintained the world’s highest occupancy level, its absolute ADR was the lowest for any month in the country’s database. As a result of lower room rates, the RevPAR level was the lowest for any May since 2003.
Middle East and Africa report unprecedented lows
Showing the continued impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during May, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019:
Middle East
Occupancy: -31.0% to 36.0%
ADR: -45.6% to US$87.84
RevPAR: -62.5% to US$31.59
Africa
Occupancy: -72.1% to 14.2%
ADR: -26.6% to US$70.09
RevPAR: -79.5% to US$9.97
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any May on record.
Local currency, May 2020 vs. May 2019:
United Arab Emirates
Occupancy: -30.7% to 35.6%
ADR: -35.0% to AED260.40 (US$71)
RevPAR: -54.9% to AED92.62 (US$25)
The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s United Arab Emirates database. Occupancy and RevPAR were up from April levels.
Bahrain
Occupancy: -65.3% to 11.6%
ADR: -6.4% to BHD51.51 (US$136)
RevPAR: -67.5% to BHD5.97 (US$16)
The absolute occupancy and RevPAR levels in Bahrain were the lowest for any month on record.
Lows for Europe during May
Euro constant currency, May 2020 vs. May 2019:
Occupancy: -82.3% to 13.3%
ADR: -33.7% to EUR77.56 (US$88)
RevPAR: -88.3% to EUR10.30 (US$12)
The absolute occupancy, ADR and RevPAR levels were up from April levels, but were the lowest for any May in Europe.
Local currency, May 2020 vs. May 2019:
Germany
Occupancy: -84.7% to 11.7%
ADR: -22.2% to EUR82.49 (US$93)
RevPAR: -88.1% to EUR9.62 (US$11)
While slightly up from April levels, absolute occupancy and RevPAR levels were the lowest for any May in STR’s Germany database.
Netherlands
Occupancy: -86.4% to 10.7%
ADR: -39.3% to EUR82.01 (US$93)
RevPAR: -91.7% to EUR8.76 (US$10)
Performance rose slightly from April, but the absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s Netherlands database.
Historic lows in May for Central/South America
Reflecting the impact of the COVID-19 pandemic, the Central/South America hotel industry reported historic performance lows during May, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019:
Occupancy: -73.0% to 15.3%
ADR: -34.3% to US$54.17
RevPAR: -82.2% to US$8.31
The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s Central/South America database.
Local currency, May 2020 vs. May 2019:
Colombia
Occupancy: -88.4% to 6.7%
ADR: -30.8% to COP183,331.93 (US$50)
RevPAR: -92.0% to COP12,253.20 (US$3)
Occupancy was virtually flat in comparison with April. Both the occupancy and RevPAR levels were the lowest for any May in STR’s Colombia database.
Peru
Occupancy: -38.9% to 39.9%
ADR: -48.6% to PEN214.74 (US$61)
RevPAR: -68.6% to PEN85.66 (US$24)
The absolute levels in the three key performance metrics were the lowest for any May in STR’s Peru database. The absolute occupancy remains the highest in the region as a result of the Peruvian Government initiative “Apoyo Solidario” to host quarantine travelers in hotels, in addition to front line workers. Occupancy was slightly higher than April, while ADR was marginally lower.
Small rise for U.S. performance
U.S. hotel performance data for the week ending June 20 showed another small rise from previous weeks and less severe year-over-year declines, according to STR.
June 14-20 (percentage change from comparable week in 2019):
Occupancy: 43.9% (-41.8%)
ADR: US$92.20 (-31.7%)
RevPAR: US$40.48 (-60.3%)
Aggregate data for the top 25 markets showed lower occupancy (38.4%) than the national average, but slightly higher ADR (US$93.40). Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 50% occupancy level (54.0%). The next highest occupancy levels were registered in Tampa/St. Petersburg, Florida (49.4%); Phoenix, Arizona (48.3%); and Detroit, Michigan (46.2%).
Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (13.7%); Boston, Massachusetts (26.1%); and Orlando, Florida (28.2%). Of note, in New York, New York, occupancy was 43.6%, down from 45.7% the week prior. In Seattle, Washington, occupancy was 33.2%, up slightly from 31.5% during the previous week.